Category Archives: Casinoland

Olympic Entertainment People to get SIA Garkalns

Olympic Entertainment People to get SIA Garkalns

Olympic Casino Latvia SIA, part of gambling user Olympic activities Group like (OEG), launched that it could purchase a 100% share in Latvian casino business SIA Garkalns and its part SIA Post-Nevada. Thus, Olympic Casino Latvia SIA would enrich the appeal in Latvia. When the deal is completed, OEG and its Latvian subsidiary would obtain and function 57 gaming features in the united kingdom.

Currently, Garkalns and Post-Nevada operated up to 20 casinos across Latvia. Ten of the are found in the nation’s money Riga. All 20 venues feature all in all, 432 slot machines. A year ago, the two companies generated income of €6 million together with 245 staff members.

Currently, SIA Garkalns’ share capital quantities on to a little lower than €2 million. The functions said that they will not expose the cost of the acquisition.

The purchase needs to be approved by the Latvian Competition Council to become done. OEG said that the freshly obtained casinos are required getting earned conformity making use of user’s expectations within one calendar year. The land would be re-branded as then Olympic Casino.

Prior to the statement regarding the acquisition of this 20 Garkalns and Post-Nevada gambling enterprises, Olympic Casino went all in all, 37 playing sites in Latvia. Those featured 19 video gaming dining tables and 1,056 slot machine games. OEG’s Latvia-based subsidiaries produced money of €48 million casinoland phone number back in 2014 together with 679 employees. Continue reading